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14.04.2014
In India demand for diamond jewellery is growing - Sulish Verma
Vikas Chain & Jewellery (P) Ltd of Delhi is one of the leading manufacturers and wholesalers of gold chains, gems and diamond jewellery in India. The company’s collections comprise superbly crafted jewellery embellished with diamonds and precious stones of the finest quality. In an interview with Rough&Polished, Sulish Verma, the company’s managing director, touches upon the present conditions prevailing in India, its effects on the jewellery sector’s growth and cautions  jewellers to focus on design and quality to survive in the competitive business scenario, as well as to gain the confidence of today’s discerning customers.

07.04.2014
Botswana, SA highly prospective says De Beers
De Beers, a leading global diamond miner in terms of value, said Botswana and South Africa are both highly prospective and geologically form part of the same cratonic region in Southern Africa. The group’s head of media relations Lynette Gould told Rough&Polished’s African Bureau Editor-In-Chief Mathew Nyaungwa that although they had been continuously prospecting for kimberlites in Botswana since 1955, the diamond producer historically had less access to prospective ground in South Africa due to the mineral legislation pre-1994, but with the introduction of the new legislation in 2004, new areas had opened up. Meanwhile, the group said it was currently having discussions with the Angolan government and state-diamond company Endiama for new concessions.

31.03.2014
Ukrainian emerald cartel
Several years ago, the agents of the Ukrainian Security Service intercepted a large parcel of smuggled Colombian emeralds at the Borispol Airport in Kiev. The case promised to set off much drumbeat, but it quickly fell apart. There were two reasons for this: the affair involved a senior official of one of the law enforcement agencies in Ukraine, while the emeralds turned out to be ... synthetic. Later, some of the participants in this case were forced to leave Ukraine due to the well-known political events in the country. One of them agreed to comment the specifics associated with the trade in synthetic gemstones to Rough&Polished. Our meeting took place in Athens in early March of this year.





Belgium's Polished Exports +8%, Imports +28% in May

17.06.2013

Belgium's polished diamond exports rose 7.7 percent year on year in May to $1.271 billion, while the price per carat jumped 12.5 percent to $1,993, according to data collected by the Antwerp World Diamond Centre. However, polished diamond imports surged 27.9 percent to $1.314 billion, leaving Belgium with a net polished export deficit of $43 million compared with net exports worth $154 million in May 2012.
Rough imports fell 5.4 percent in May to $1.051 billion and rough exports increased 6.1 percent to $1.221 billion. The data resulted in a rough import deficit of $170 million during the month compared with a deficit of $40 million one year ago. Belgium's net diamond account for May, reflecting the net difference between exports and imports, plummeted to a deficit of $3 million compared with a surplus of $194 million one year ago.
During the first five months of 2013, Belgium has exported $5.778 billion worth of polished diamonds, up 1.4 percent year-on-year, while polished imports have fallen 2.3 percent to $5.542 billion. Net exports of polished diamonds totaled $236 million compared with only $24 million for the same period in 2012. Rough imports of $5.929 billion during the first five months reflected a 5.5 percent year on year increase, and yet rough exports have risen 6.3 percent to $6.333 billion, leaving an import deficit of $404 million compared with a deficit of $335 million.
Belgium's net diamond account for the January through May period improved 78.3 percent year on year to $640 million.

Alex Shishlo, Editor in Chief of the European Bureau, Rough&Polished

Rough&Polished

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